
% Table created by stargazer v.5.2.3 by Marek Hlavac, Social Policy Institute. E-mail: marek.hlavac at gmail.com
% Date and time: Tue, Oct 31, 2023 - 12:53:01 PM
\begin{table}[!htbp] \centering 
  \caption{\textbf{Firm and Employee Donations and Lobbying of Specific Politicians, First-Time Donation in 3 Years, Services Industries, Full Results:} The level of analysis is the firm-politician-year, and the data include all publicly traded services firms (NAICS 2-digit codes 42-81) and members of Congress between 2008 and 2018. The dependent variable is a dummy which equals 1 if firm $i$ lobbied the legislative activity of a politician $j$ in year $t$. $Donationt$ equals 1 if firm $i$ donated to a politician $j$ for the first time in 3 years $t$, and 0 otherwise, whereas $Donation Amount_{t}$ is the logged amount of the 3-year first-time donation. The coefficients come from ordinary least squares regressions, using combinations of firm, politician, year, and firm-politician fixed effects. All models control for politician partisanship, majority status, committee chairmanship, and being member of the top 4 powerful committees. The standard errors are clustered by firm.} 
  \label{tab:don_lob_linear_full_covs_3y_services} 
\begin{tabular}{@{\extracolsep{3pt}}lcccccccc} 
\\[-1.8ex]\hline 
\hline \\[-1.8ex] 
 & \multicolumn{8}{c}{\textit{Dependent variable:}} \\ 
\cline{2-9} 
\\[-1.8ex] & \multicolumn{8}{c}{Lobbying Legislative Activity$_{t}$} \\ 
\\[-1.8ex] & (1) & (2) & (3) & (4) & (5) & (6) & (7) & (8)\\ 
\hline \\[-1.8ex] 
 $Donation_{t}$ & 0.037$^{***}$ & 0.042$^{***}$ & 0.041$^{***}$ & 0.023$^{***}$ &  &  &  &  \\ 
  & (0.005) & (0.005) & (0.005) & (0.004) &  &  &  &  \\ 
  & & & & & & & & \\ 
 $Donation\;Amount_{t}$ &  &  &  &  & 0.005$^{***}$ & 0.006$^{***}$ & 0.006$^{***}$ & 0.003$^{***}$ \\ 
  &  &  &  &  & (0.001) & (0.001) & (0.001) & (0.001) \\ 
  & & & & & & & & \\ 
 $Majority_{t}$ & 0.005$^{***}$ & 0.004$^{***}$ & 0.004$^{***}$ & 0.004$^{***}$ & 0.005$^{***}$ & 0.004$^{***}$ & 0.004$^{***}$ & 0.004$^{***}$ \\ 
  & (0.0003) & (0.0003) & (0.0003) & (0.0003) & (0.0003) & (0.0003) & (0.0003) & (0.0003) \\ 
  & & & & & & & & \\ 
 $Democrat_{t}$ & 0.004$^{***}$ & 0.002$^{***}$ & 0.044$^{***}$ & 0.044$^{***}$ & 0.004$^{***}$ & 0.002$^{***}$ & 0.044$^{***}$ & 0.044$^{***}$ \\ 
  & (0.0003) & (0.0002) & (0.002) & (0.002) & (0.0003) & (0.0002) & (0.002) & (0.002) \\ 
  & & & & & & & & \\ 
 $Committee\;Chair_{t}$ & $-$0.002$^{***}$ & $-$0.001$^{***}$ & 0.001$^{***}$ & 0.001$^{***}$ & $-$0.002$^{***}$ & $-$0.001$^{***}$ & 0.001$^{***}$ & 0.001$^{***}$ \\ 
  & (0.0002) & (0.0002) & (0.0002) & (0.0002) & (0.0002) & (0.0002) & (0.0002) & (0.0002) \\ 
  & & & & & & & & \\ 
 $Powerful\;Committee_{t}$ & 0.002$^{***}$ & 0.001$^{***}$ & 0.004$^{***}$ & 0.004$^{***}$ & 0.002$^{***}$ & 0.001$^{***}$ & 0.004$^{***}$ & 0.004$^{***}$ \\ 
  & (0.0004) & (0.0004) & (0.0003) & (0.0003) & (0.0004) & (0.0004) & (0.0003) & (0.0003) \\ 
  & & & & & & & & \\ 
\hline \\[-1.8ex] 
Firm FEs & $\checkmark$ & $\checkmark$ & $\checkmark$ &  & $\checkmark$ & $\checkmark$ & $\checkmark$ &  \\ 
Year FEs &  & $\checkmark$ & $\checkmark$ & $\checkmark$ &  & $\checkmark$ & $\checkmark$ & $\checkmark$ \\ 
Politician FEs &  &  & $\checkmark$ &  &  &  & $\checkmark$ &  \\ 
Firm-Politician FEs &  &  &  & $\checkmark$ &  &  &  & $\checkmark$ \\ 
Observations & 26,731,044 & 26,731,044 & 26,731,044 & 26,731,044 & 26,731,044 & 26,731,044 & 26,731,044 & 26,731,044 \\ 
Adjusted R$^{2}$ & 0.560 & 0.561 & 0.563 & 0.627 & 0.560 & 0.561 & 0.563 & 0.627 \\ 
\hline 
\hline \\[-1.8ex] 
\textit{Note:}  & \multicolumn{8}{l}{$^{*}$p$<$0.1; $^{**}$p$<$0.05; $^{***}$p$<$0.01} \\ 
\end{tabular} 
\end{table} 
